As is typical of farming industries, the Wheat, Barley and Sorghum Farming industry experienced high volatility in the past five years due to unpredictable weather patterns, a wheat export ban in Russia and the fluctuating world price of wheat. Despite this volatility, wheat's status as a staple of the American diet will keep demand stable. A projected rise in wheat prices points to growing profitability for industry farms; however, changes in government subsidies and drastic weather conditions could hamper profit growth.
Farmers in this industry primarily grow one or more varieties of wheat or a combination of sorghum, barley, oats, rye and other grains, where no single crop accounts for more than half of the total value of production of the farm.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.